Mahindra buys Chinese tractor maker

Mahindra has bought a 51 percent share of China's third largest tractor company Yangcheng Tractor.

18 Aug 2008 | 3457 Views | By Autocar Pro News Desk

Mahindra and Mahindra has pushed deeper into the Chinese market with the purchase of a 51 percent stake in a joint venture with China's third largest tractor maker Yangcheng Tractor on August 18. The tractor related assets of Yangcheng, which are valued at US$ 50 million, would be transferred into ...

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